Terrorist atttacks hit sports insurance

The increasing risk of terrorist activity at major sporting events could make it more difficult to obtain insurance, says Risk Management Solutions (RMS).

Last week’s attack on the Sri Lankan cricket team in Lahore, Pakistan, in which eight people were killed, highlighted the vulnerability of sporting events, said Dr Gordon Woo, a terrorism risk expert at RMS.

“A characteristic of terrorist behaviour is learning from elsewhere,” he said. “As concerns rise over copycat attacks on other major sporting events, insurance coverage for such events is liable to become increasingly expensive. And with London 2012 on the horizon, this may have implications for securing coverage.”

The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.

Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.

Topics